New York Real Property Law Section 427 - Compensation from assurance fund.

  427.  Compensation  from  assurance  fund.  Any person who, without
  negligence on his part, sustains loss or damage or is deprived  of  real
  property,  or  of  any  estate, right or interest therein because of the
  registration of another person as owner of  such  property,  or  of  any
  estate,  right, or interest therein, through fraud, or in consequence of
  any error, omission, mistake or misdescription  in  any  certificate  of
  title  or  in  any  entry of or memorial in the title book, shall have a
  cause of action against the county  treasurer  (in  New  York  city  the
  commissioner  of  finance)  to  recover  compensation  for  such loss or
  damage.

Last modified: February 3, 2019